EUR/USD formed a new downtrending channel on the smaller time frames while DXY bounced from its support levels:
There is no reason to expect a reversal as the bigger charts have a lot more space to go for this move and this move up in the DXY is still very young and in its inception. Next Move is expected to be
quite prolonged without too big of corrections.
As long as the EUR/USD remains below the thich blue line the expected moves are down and only Short positions have to be looked for. Otherwise one is betting against ALL time frames that are pointing down.
The EUR/USD Charts -
There is no reason to expect a reversal as the bigger charts have a lot more space to go for this move and this move up in the DXY is still very young and in its inception. Next Move is expected to be
quite prolonged without too big of corrections.
As long as the EUR/USD remains below the thich blue line the expected moves are down and only Short positions have to be looked for. Otherwise one is betting against ALL time frames that are pointing down.
The EUR/USD Charts -
